Category Archives: Industries
Community petitions NDDC over abandoned N40m water project
The indigenes of the Ekwuoma community in Ika North-East Local Government Area of Delta State have petitioned the Managing Director of the Niger Delta Development
Passengers avoid B737 Max planes as Boeing stock dips 12%
In the wake of Ethiopian Airlines Boeing737Max aircraft crash on Sunday, more passengers around the world are avoiding the aircraft type like a plague.The new
Take over operation of OML 11 from Shell, Buhari orders NNPC
President Muhammadu Buhari has ordered the Nigerian National Petroleum Corporation to take over the operatorship of the entire Oil Mining Lease 11 from Shell Petroleum
MTN IPO to be executed in two phases amid row with FG
•Listing expected Q2/Q3 •Nigerians already own 20% untraded shares The long-awaited listing of the shares of South Africa-based, mobile network provider, MTN, will now be
PFSO advocates integration of maritime command control centres
The Port Facility Security Officers, PFSO, Forum of the Lagos Maritime Security Zone, MSZ, has advocated for the integration of the various maritime command control
US slashes imports of Nigerian crude by 43%
The United States cut its imports of Nigerian crude oil by 48.87 million barrels or 43 per cent in 2018, according to the latest data
Nigeria loses $18b yearly to illicit financial flows
The Nigeria Extractive Industries Transparency Initiative (NEITI) has said $18 billion of revenue expected to address the nation’s under-development is diverted yearly in illicit financial
Banks loans to private sector dropped by N455bn to N15.1tn
The total credit from banks to the economy recorded a decline of N455bn from N15.58tn as of the end of the third quarter of last
Election anxiety weighs in on import, export activities
As the political intrigues linger, import and export activities at the nation’s gateways have significantly reduced owing to the uncertainty trailing the polity at this
ATM transactions hit N39.15trn in Q4, 2018 —NBS
The National Bureau of Statistics said Automated Teller Machine from selected banks across the country recorded transactions valued at N39.15 trillion in the fourth quarter
Africa’s largest economy is returning back to flourishing days as Nigeria’s GDP stands at 1.93%
Africa’s largest economy is returning back to flourishing days as Nigeria’s GDP stands at 1.93% Africa’s largest economy is returning back to shape as GDP
Oil prices rise amid OPEC-led supply cuts
Oil prices rose on Tuesday amid OPEC-led supply cuts and U.S. sanctions against Iran and Venezuela, although analysts expect surging U.S. output and concerns over
Belgore debunks laundering N450 million in 2015
A Senior Advocate of Nigeria, Mr Dele Belgore, on Monday debunked the allegation by the Economic and Financial Crimes Commission, EFCC that he laundered the
FG forces oil firms to pay N1.2tn royalty arrears
The Minister of State for Petroleum Resources, Dr Ibe Kachikwu, said on Monday that the Federal Government had forced oil companies operating in the country
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